Listed By:
CPX LLC and NWMLS
Address
303 Harvard Avenue E, Seattle, WA
Price
$ 5,350,000
Property Attributes
  • ID#1972680
  • TypeMulti-Family
  • CountyKING
  • CitySeattle
  • AreaCentral Seattle
  • NeighborhoodCapitol Hill
  • Zip98102
  • Style10+ Units
  • Year Built1949
  • Taxes$ 36497
  • Price$ 5,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9583
  • Lot Size7,558 SqFt
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

BEVERLY RAE APARTMENTS is a 14-unit, well maintained apartment community in the heart of Seattleā€™s Capitol Hill Neighborhood. Residents benefit from a highly walkable, trendy neighborhood with numerous surrounding restaurants, coffee shops, and daily-needs grocery and retail. The property is well-located, sitting on Harvard Ave E near Olive Way, which allows tenants direct access to the Interstate-5 on-ramps. The Property has an attractive brick exterior, newer roof, and includes 8 parking stalls. The Beverly Rae Apartments offers several unique value-add strategies that will allow for potential Buyers to drastically improve their Net Operating Income, while also reducing their basis in this asset.

Price History
8/1/2022 Listed $5,350,000

General Features

Amenities Coin Op Laundry
Building Area Units Square Feet
Carport Y/N No
City Seattle
County King
Directions See Remarks
Exterior Features Brick, Cement/Concrete
Finance Cash Out, Conventional
High School District Seattle
Insurance Expense 5453
Interior Features Hot Water Recirc Pump
Leasable Area 10300
Lot Size Square Feet 7557
MLS Area 390 - Central Seattle
Net Operating Income 162884
New Construction No
Possession See Remarks
Property Style 56 - 10+ Units
Property SubType Multi-Family
Property Type Residential Income
Roof Flat
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Harvard
Structure Type Multi Family
Subdivision Name Capitol Hill
Tax Annual Amount 36497
Tax Year 2021
Total Units 14
Units Below Grade false
Units In Building Total 14
Utilities Sewer Connected, Electricity Available
View Y/N No
Water Sewer Garbage 26690
Waterfront Y/N No
Year Built 1949

Interior Features

Fireplace Y/N No
Furnished Y/N Unfurnished
Living Area Units Square Feet
Power Production Type Electric
Street Suffix Avenue
Total Stories 3

Exterior Features

Building Area Total 9583
Irrigation Water Rights Y/N No
Lot Size Acres 0.1735
Lot Size Units Square Feet
Open Parking Y/N No
Total Parking 8

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98102

Price
AVG $3.92M
$5.35M
Taxes
AVG $25,710
$36,497
Visits
AVG 36
44
Year Built
AVG 1940
1949
Walkscore
AVG 87
99
Data Provided by Walkscore ® not using MLS data

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